Saturday, December 20, 2014

[aaykarbhavan] No disallowance of rental charges of Moulds borne by Tupperware even if moulds were used by contract-manufacturer



 

No disallowance of rental charges of Moulds borne by Tupperware even if moulds were used by contract-manufacturer

December 20, 2014[2014] 51 taxmann.com 307 (Delhi - Trib.)/[2014] 32 ITR(T) 186 (Delhi - Trib.)
IT : Payment of mould rental expenses borne by assessee-principal under contractual obligation with manufacturer was to be allowed as revenue expenditure
IT : Where according to agreement between assessee and contract manufacturer, latter had to bear all taxes relating to performance of service, assessee could not claim expenditure on account of same
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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